Are We In the Process of Creating a New and Enduring American Underclass?

Corporate profits are near an all-time high, worker productivity continues to rise, labor costs have declined the most since 1962, yet the economy employs 7 million fewer people than in 2008. The corporate drive for productivity and profits at all costs, exemplified by outsourcing jobs, lobbying against the rights of labor and squeezing pay and benefit concessions from the workforce, has had a disastrous effect on millions of Americans who face long-term unemployment, suffocating debt and a bleak outlook for the future. 
http://www.alternet.org/news/150633/are_we_in_the_process_of_creating_a_new_and_enduring_american_underclass/?utm